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What's Up with BAM's Stock?
Since the Anderson family made its proposal in January to buy all outstanding shares in Books-A-Million, the stock price has increased to almost 40 cents beyond the family's offer.
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Bloomsbury Makes Progress on Strategic Goals
Although sales and earnings at Bloomsbury were relatively flat for the year ended February 28, 2015 compared to fiscal 2014, the company did make progress in easing its dependence on the “traditional book market,” company chief executive Nigel Newton said.
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Slumping E-books Lead to Sales Decline at HBG
First quarter sales at Hachette Book Group USA fell 12.3% compared to the first first period of 2014. A decline in e-book sales was a major reason for the drop.
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AAP Monthly StatShot, January 2015
Sales of adult trade books rose 7.3% in January 2015, compared to January 2014, according to AAP’s StatShot program.
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Acquisition Charges Lead to Loss at Courier
Courier's net loss increased to $15.5 million from $3.4 million in last year’s second quarter due in large part to a $10 million termination fee to Quad/Graphics for calling off Quad’s proposed acquisition.
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Profits Up, Sales Down in S&S First Quarter
Simon & Schuster sales fell 5% in the first quarter ended March 31, 2015, to $145 million, but operating profit rose 9% to $12 million.
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Good Start for HMH Trade
Sales in Houghton Mifflin Harcourt’s trade division rose 5% in the first quarter ended March 31, 2105 over the first quarter of 2014 and the loss was trimmed.
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Harlequin Purchase Drives HC Results
Third quarter sales and earnings at HarperCollins rose 14% and 6%, respectively. Excluding the Harlequin purchase, however, results were down.
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AAP Revises January Trade Sales
Due to some reporting problems with the January data in the trade segment, the AAP has issued revised sales for the adult and children’s/young adult categories.
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Industry Stocks: April Performances
The Publishers Weekly Stock Index rose 5.8% in April with the gains due almost entirely to Amazon.
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Mixed January for Trade Sales
Sales of adult trade books rose 0.6% in January 2015, compared to January 2014, according to AAP’s StatShot program. Meanwhile, sales of children’s/young adult books slipped 1.6%.
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Juvenile Book Sales Plummet
With no new hits, sales of juvenile fiction print books fell 46% last week compared to the same week in 2014, while sales of juvenile nonfiction dropped 39%.
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Amazon Has First Quarter Net Loss
Amazon had a first quarter net loss of $57 million, despite a 15% sales increase, to $22.72 billion.
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Book, Magazine Sales Dipped at BAM
The sale of books and magazines fell by about $3 million in 2014 compared to 2013 at Books-A-Million, the retailer disclosed in its recently filed 10-K report.
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February Bookstore Sales Dropped 2.2%
According to preliminary estimates released by the U.S. Census Bureau, bookstore sales fell 2.2% in February compared to February 2014, dropping to $716 million.
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Print Units Rose 3% in the First Quarter
Unit sales of print books rose 3% in the quarter ended April 5, 2015, compared to the first quarter of 2014, at outlets that report to Nielsen BookScan.
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McGraw-Hill Global Education Posts Small 2014 Profit
McGraw-Hill Global Education had net income of $3.8 million last year compared to a loss of $89.4 million in 2013. Sales rose 4%.
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Canadian Book Sales Dipped in 2014
Print book sales in Canada last year remained even at 52 million total units, but the total dollar value was down by about C$16 million to C$934 million compared to 2013, according to a new report from BookNet Canada.
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Industry Stocks: March Performances
After the stock prices of all 13 companies on the Publishers Weekly Stock Index rose in February, there was much more of a split verdict in March, when prices rose at seven companies but fell at six.
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Deals Drove Growth at Penguin Random House
Total revenue at Penguin Random House rose 25.2% in 2014 to 3.32 billion euros, while EBITDA increased 24.5% to 452 million euros.
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